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Search Results 0 to 23 of about 24 (some duplicates have been removed)
in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. secretary dieter even said that a few days ago. --secretary tim geithner. it could delay the tax filings. the government relies on august revenue to come i
on the table is he close to a trillion dollars he is simply saying i want a trillion dollars in spending as well. president obama is he close to the same number they are about $300 billion apart. they are 1 hers apart from this whole deal. the problem is they are not putting spending cuts on the table. what they're doing is putting proposed possible cuts but the stimulus spending they are putting on the table also offsets that tax increase that he wants. still looking at trillion-dollar deficit. that just goes to show spending cuts. right now we don't have them. talks about them and there is accounting fuzzy math going on but there is not any serious entitlement reform. we can't just wait and talk about that in january. needs to be included in any package before we go forward. >> you know, juan, the point she is making when we talk about spending cuts. basically a guy pulling the olives off a meat lover's pizza and saying he is on a diet. something so incidental and ignoring this huge huge problem this black hole that is spending. it's true. we are going nowhere. >> no, i disagree. you k
? ♪ ♪ na na na na na na na na ♪ and everybody go uh! >>> we told you last hour president obama is spending his last few hours in hawaii before returng early to washington. he's expected to arrive tomorrow, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior congressional correspondent. we spoke last hour. you told us that hour speaker john boehner was to convene this conference call to decide whether or not to call the house back into session. we know the senate is supposed to convene, but nothing can, of course, take place until the house is in session as well. do we know the results of that conference call? will boehner reconvene the house? >> reporter: i'm told by a source familiar with the call, which just happened within last hour, as you said, that no decision was made on the schedule or timing for the house. as we talked about an hour ago, the leaders in the house have promised the members that they won't be called back without 48 hours notice. so at t
now!," democracynow.org, the war and peace report. i'm amy goodman. president obama is set to meet with congressional leaders at the white house just three days before a year in deadline to avoid the so-called fiscal cliff. some $600 billion in automatic spending cuts and tax increases will take effect if no agreement is reached. obama and the rest of republicans remain of the impasse over the republican refusal to allow tax hikes even for the wealthiest americans. senate majority leader on thursday accused house speaker john boehner of holding up a deal. >> the american people i don't think understand the house representative is operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> adding to the urgency surrounding the talks, treasury secretary timothy geithner warned this week the u.s. will not be able to pay its creditors after monday unless the debt ceiling is raised. we will have more on the fiscal cliff talks, speaking with congressmember de
, the vatican. >>> president obama is in hawaii for christmas. the president is expected to spend a quiet day with his family. with the president and congress on a short holiday break, there's been no movement on fiscal cliff negotiations. before he left washington, the president said he believes a deal could be made before the december 31 deadline. >>> u.s. troops celebrated their 12th consecutive christmas in afghanistan. service men and women attended a service at the nato base in kabul, sang some carols, then enjoyed a holiday dinner. >>> and coming up on the "morning news," he may be messy funny, jack klugman from "the odd couple "has died. a look back at his remarkable career. [ female announcer ] introducing u the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. >>> firefighters in california battled a raging river yesterday to rescue a homeless man. he was living on an island in the los angeles river and got into trouble after a fast-moving storm tore through the area. rescue
is rollback obama initiatives to cut spending. a lot of them thought the debt ceiling should not be increased under any circumstances and to that degree feel like i was. they basically believe their job is to obstruct barack obama and once there is a republican president in place from the two pass this initiative secreted better business climate, more and more deregulation committee funding of programs that have never quite been near and dear to them. of course to flash forward a day, i suspect we'll talk about the debt ceiling fiasco of 2011. after that summer undertaken to the brink of a fiscal cliff, the thinking on the house republican leader ship is maybe a tea party freshmen will go homehome, get yelled at by constituents and realize maybe compromise is not such a bad thing. they went home and the people who put at town halls tend to be that this is their party and those people tend to be tea party and they said why did video? you said you would not under any circumstances raise the debt ceiling. at best there's mixed messages and a great likelihood it will be a while before we see mode
that will get through the house . the house was elected to protect the united states of additional obama care spipe types of spending . from the perspective it is it a char aid. he wants to raise tax for people with over $200,000 . patti murray tipped the president's hand when she said it is okay to go off the fiscal cliff . we get credit when we cut taxing back to the level they were before the cliff . it is it a political issue for them to attain their goalings. >> dave: some suggest that the president will be okay to go off the fiscal cliff . the president doesn't want sequestitration to go in into affect. hope they work it out. thank you for joining us from dc. coming up. unbelievably video of a plane crashed on a busy highway . we now know what likely caused the deadly crash . go ahead and down that champagne in the new year's bash. but what you can do today to make sure you don't have a hang over tomorrow. may attention. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your job, the pitch! whoa! so why are you doing his? only yr doctor can determine if
gretchen carlson, thank you for spending your post christmas day with us. president obama cutting christmas vacation short and heading back to washington before we fall off of the fiscal cliff . can a deal be reached. >> a deadly winter storm unleashing snow and tornados . now thousands ever cleaning up and holiday travelers are stuck. i am tracking where the storm ised hading next. >> thank you, rick. take the gift card and hit the stores this morning. wait until "fox and friends" is over and then leave. "fox and friends" begins right now. "fox and friends". >> gretchen: good morning, i am gretchen carlson we are joined by clayton morris . rick as well . these are great guys, but clayton, because he is a tech guru of folks news and here to help all of us today. >> tech support this morning f. you have tech-related questions. send them and i will attempt to answer them all. i answered all of them. my wife said what are you doing on twitter? i said i am helping me. >> gretchen: we have big storms brewing and rick, you are aptly sitting to the right of me and you will help people get out of t
heading back to washington tonight to restart the negotiations on the so-called fiscal cliff. if mr. obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negotiations progress in the next few days. gregg: well, you know what, peter? there's not lost love between boe
of the sequester, which is the automatic spending cuts that are set to hit enter january. the obama administration has some ability to blunt the effect of the cuts. there are a lot of people of in the republican party who are very upset with the cuts that would hit the pentagon. it may be difficult to rally republican votes of the cannot turn off the sequester. on the democratic side, the estate tax could be a problem. the republicans are insistent that the estate tax stay at current levels, which is exempting the state of $55 million at a relatively late 35% above that level. many democrats would like to see -- in january it is expected to come -- taxes are expected to go up dramatically. as small as $1 million would be taxed. most democrats want to see something in the metal. they are adamant that we cannot exempt states as large as $5 million. that could be another sticking point. >> do we expect anything going on today? if not, what is the earliest of the senators will come back in for session tomorrow? caller: i think the senate is due back in at 1:00. the house is due at 6:30. the house is t
obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. secretary dieter even said that a few days ago. --secretary tim geithner. it could delay the
: republicans have a look at entitlement programs and we are trying to reign in the excessive spending. >> there are no serious cuts from president obama. there is serious effort at reforming. medicare and medicare. a lot of people don't say social security is enment. it is an insurance program. but it is enormous amount of money flowing out than in and it is getting worse after the baby boomers retire. without reform, you hit a debt crisis guarantee. >> kelly: or guaranteed that crisis in a couple of days new yearee a eve and automatic spending cuts go into affect and that will affect social security that is also a problem that we have seen over the yearrs. we are spending so much money for this and there is no reform. >> it is a billion a week more going out than coming in x. it gets worse because baby boomers are retiring, i don't know how many it is. but there is a massive incrose in the retirement population. that is unfunded. >> clayton: we sound shocked but look at the postoffice. how much money we keep the postal unions and how much of a deficit. >> worry me this question. can
any president should do if he is spending enough attention on the needs of the country. so i have not been enamored of obama either. >> in 1975, your "mediocrity." move it forward 35 years. >> we were friends then and we were both cynics about the media. at the that was justified, too. >> why? >> the had too much power. notion of mediocracy was you had a politics which was slipping into the control of the media. i don't think that's true anymore. but i think they played a role in breaking the president, the president being nixon. if they had wanted to do that to johnson, but could a broken him. if they wanted to talk about kennedy sharing golf friends with mob leaders, they could have broken him, too. it turned out to be nixon. the one that they broke. >> what about the power of the media today? >> i don't think it's that great because the media has been balkanized. the "new york times, a washington post, cbs, they don't have the clout anymore. >> who does? >> it is diffused prepares and anarchy out there of websites, a small media. collectively, i'm sure they can set the scene in
the obama name derived. just kind of amazing stuff all day. >> host: you spend a lot of time in interviews talking about the tribal situation in kenya. >> guest: it explains a lot about barack obama senior. this book is more than just a biography of barack obama who became president of the united states. it's about the places they created him come the people that created and starred in two generations back and moving through to obama himself. and his father in some ways represented the promise and the frustrations of africa and of kenya and on a more personal level of the sudden brilliance in flawless. and some of that have to do with tribalism. the luo are the second largest tribe in kenya in the colonial period when the british dominated kenya really created the sort of tribalism putting all the different tribes into the reserves in different parts of the country. and so when they got independence in god power, there was this unfortunate sort of conflict for power in the luo were basically, ever since 1963, had
, and that republicans will concede they do not have anything else. they will kick the can down the obama has not shown the leadership that he showed, last caller. it is a matter of spending. the government has gotten out of control in washington, d.c. both parties are guilty. this last president as the most gelt, and certainly bush also had his problems with spending, but if i was a republican senator, i would not vote for anything without at least a $6 trillion tax cut, and that would include wages of our government employees. i hate to say that, but they have to take a hard stand, and that is where i stand here fiscal cliff, it looks like we are coming. host: happy new year. a live picture inside the u.s. capitol, expecting the possibility of senators coming out to speak after their party's caucuses. we're waiting until 3:00 this afternoon, the meeting at the white house, where c-span coverage will continue. we had a chance this morning that the discussion with a capitol hill reporter to get his take on the fiscal cliff negotiations. let's take a look at that now. host: good morning to you. since we
on the senate floor yesterday. today president obama and republican senator roy blunt of missouri delivered their weekly addresses on the so far icalled fiscal cliff. >> hi, everybody feare. it is a balanced plan, one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay a little more. i will keep working with anybody who is serious about getting a comprehensive plan like this done. it is the right thing to do for our economic growth. but we are now at the point where in a couple of days, the losses of every american's paycheck will get a lot smaller. -- the law assays that every american's paycheck will get a little smaller. but congress can prevent it from happening, if they act now. we may be able to reach an agreement that can pass both houses in time. but if an agreement is not reached on time, then i will urge the senate to hold an upward bound to vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the groundwork for futur
of the sequester, the automatic spending cuts set to hit in january. the obama administration has some ability to blunt the effect of those cuts, but there are lot of people in the republican party especially for upset with the cuts that would hit the pentagon. it may be difficult to rally republican votes if they cannot turn off the sequester. and the democratic side, the estate tax could be a problem. republicans are insisting that the estate tax stay at current .evels, which is exemp many democrats would like to see -- in january, it is scheduled to go up automaticalldramatically. most democrats want to see something in the middle. they are adamant that we cannot exempt states as large as $5 million. >> lori montgomery, do we expect anything going on today, and if not, when is the earliest the senators will come back and recession tomorrow? >> the senate is due back in at 1:00. the house is due in at 6:30. the house is the big question mark here. as for today, it is an excellent question. the senate is not in. the house is not in. my understanding is we're going to have basically everyone w
sides do that. president obama has a political capital. it is like money -- how do you spend it? he can spend it on helping our schools. he can spend it with regard to our affairs in the middle east. those are tough questions to answer. my priority is always education and our long term problems. i'm not a deficit hawk. people on both sides do bothwell. i don't understand the fuss about raising the age qualification for social security are medicare. and plead with the caps -- simply lift the caps. franklin roosevelt to not want to be called a socialist. if we just lived in those caps, we would delay -- i can remember the exact numbers. for several decades, anyway. i think that would be less painful than raising the qualified age. medicare is the toughest because of health care costs have been skyrocketing. our country's health care cost is rising faster than any other industrial nation. we don't have much coronation. obamacare had to be cobbled together to appease everybody. we have it and we should be focusing on ways to make our health care more efficient and i think we will. these are
delay some spending cuts but it would not touch president obama does think this plan would pass both the house and senate if it got an up or down vote. he told the senate they had a day or two to make a deal on their own. if they're not making any progress he wants both chambers to bring this plan forward for up or down vote. speaker boehner apparently was noncommittal to that idea. it's important to point out that the debt ceiling is not a part of this plan c. that is still going to have to be dealt with separately later on. >> juliet: thank you, peter. >> dave: moderately optimistic. >> juliet: we are moderately optimistic about the weather. one-two punch comes as people are still digging out from past week's snow storm. >> clayton: preparation press still underway. stacking up on salt and sand. they have been presalting some of the roadways. >> dave: i hope so. maria my lien in for for rick this morning. good morning, maria. >> good morning. good to see you guys. good morning, everybody. we have another storm system first alert forecast to bring more snow to the northeast today. t
of snow in the northeast and dangerous driving conditions and canceling more flights. >>> president obama cut short his christmas vacation in hawaii to be back in washington today, five days before the fiscal cliff deadline. he's hoping to avert deepening spending cuts and higher taxes. both parties appear to be daring eacher to let the year end without a deal. treasury secretary tim geithner says he will be taking steps tomorrow to prevent the government from hitting its borrowing limit on monday. >>> toyota announced a billion dollar settlement over acceleration problems and will install a brake override system and compensate owners for the alleged reduced value of their cars and trucks. >>> for what's trending today, a quick look at what has you talking online. he's only rock'n roll, but she likes him. actress kate winslet married british tycoon. and singer janet jackson's engagement to her bit of of two years, a businessman, set for a wedding in the spring in qatar. >>> if you shout max in a dog park, the top female and male dog names followed by buddy. and they're in and old classics
of it and said it's outrageous that you are talking about this instead of washington's reckless spending habits. another guy stood up and said karl rove spoke to us this morning and he has written an article in "the wall street journal" saying this is obama's problem. you seem like a nice guy but i like it better than yours. they were unwilling to listen. as a tea party freshman she said i have tea party constituents. can you explain to me what this is about? this guy said well, the thing is we have been reckless and are spending and if there are consequences then so be it. emerson went home to her husband and said pour me a very big glass of fine. i can't believe i just had a meeting with a guy who's going to be congressmen. [laughter] >> although that would be a perfect choice to end, we have one last question before we wrap it up. >> given 90 but a lot of these meetings, town halls and community meetings, are you hearing more or have you always heard people say, if you just do this, just to this meaning that there is a correlation between doing something and in end result whereas the nutty o
Search Results 0 to 23 of about 24 (some duplicates have been removed)